Economics Quiz 36
1 / 50
Economic policies do not work as well as they should because of obstacles posed by______________?
2 / 50
The main cause of different relative costs between countries are ?
3 / 50
Negative life chances correspond to__________________?
4 / 50
The crop most susceptible to frost is_______________?
5 / 50
The leading producer of sulphur in the world is ?
6 / 50
The formula for the marginal revenue product of labour (L is for labour, X is the product) is ?
7 / 50
Term the exclusive right of one or more persons to carry on some branch of trade of manufacture It is a sole power of dealing in something ?
8 / 50
Economic growth from current year (c) to previous year (p) is given by ?
9 / 50
________ are quotas that result in a total prohibition of trade?
10 / 50
When ________ substitutes exist, a monopolist has ________ power to raise price?
11 / 50
When stock market is falling it is_______________?
12 / 50
Which of the following activities is one of the responsibilities of the Bank of England to the banking system ?
13 / 50
The developed nations have only about 15% of the world?s population, but they are estimated to consume _______ of the world?s output ?
14 / 50
What is the ratio of Agriculturist by profession in Pakistan in (mid 2007) ?
15 / 50
To assign uniform characteristics to an entire group of people without allowing for individual differences is called_____________?
16 / 50
When real income increases other things equal we can expect the demand for real money holdings to ?
17 / 50
If the economy is at the peak of the business cycle, aggregate demand ____ unemployment _______ inflation _______ and the current account of the balance of payments is likely to move towards _______?
18 / 50
Labeling theory has been criticized because_________________?
19 / 50
The reduction of tax ?
20 / 50
A profit maximising firm will employ labour up to the point where ?
21 / 50
In a floating exchange rate system ?
22 / 50
Which of the following is not true about the specialized farm ?
23 / 50
As of 2005 what proportion of women were in managerial professional and administrative positions ?
24 / 50
When you add a tomato product to a Hollandaise Sauce it is called ?
25 / 50
Studies other than Mead,s show that_________________?
26 / 50
Economic growth is depicted by ?
27 / 50
In the classical model, potential output cannot be increased by ?
28 / 50
Barriers to entry ?
29 / 50
Suppose each of 20 neighbours on street values street repairs at ?3000 the cost of the street repair is ?40,000 which of the following statements is true ?
30 / 50
Critics of our school system sate that _________________?
31 / 50
What is called interest that is paid previously earned interest as well as on the principal ?
32 / 50
The liquidity trap occurs when the demand for money ?
33 / 50
Which exchange rate system is characterized by the absence of government intervention ?
34 / 50
Public ownership of natural monopolies ?
35 / 50
The expectations people have regarding how husbands and wives ought to behave are called marital______________?
36 / 50
uppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis and if the price of a pizza is Rs10 and the price of a sandwich is Rs5, then the slope of the budget constraint is ?
37 / 50
The use of price points for reference to different levels of quality for a company?s related products is typical of which product mix pricing strategy ?
38 / 50
An increase in the price of a complement for product A would ?
39 / 50
Involuntary unemployment exists if workers ?
40 / 50
The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
41 / 50
All of the following are thought to be sources of new product ideas EXCEPT ?
42 / 50
Money that a government has required has required to be accepted in settlement of debts is ?
43 / 50
If the quantity of money demanded exceeds the quantity of money supplied then the interest rate will ?
44 / 50
Markets sometimes fail to exist because of________?
45 / 50
If an increase in a consumer?s income causes the consumers to decrease her quantity demanded of a good, then the good is ?
46 / 50
The Superego of Freud,s theory is similar to Mead,s ?
47 / 50
The discipline that studies such disparate subjects as the environment religion politics criminality organization and so on is______________?
48 / 50
Which of the following groups would not benefit from an EU imports quota on Japanese cars ?
49 / 50
Which of the following is NOT within the secondary economic sector ?
50 / 50
A firm may be unable to maximize profits because it ?
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